Is there any Zero MAB Savings account with NO DEBIT CARD charges? I heard about Kotak 811.

[hellobois]

Is there any Zero MAB Savings account with NO DEBIT CARD charges? I heard about Kotak 811. Please share any bank which offers zero MAB and does not have debit card compulsion.

 

[Chaitanya-a]

What is the difference between scheduled bank and payments bank?

Briefly payment banks are used only for day to day transactions.

They can't provide facilities such as credit cards & loans based on client's funds or creditworthiness. This is why there's no meaning in keeping funds in these payment banks.

 

[Walter White]

Deutsche Bank has a professional savings account which offers Visa Platinum card free of charge with 0 MAB. Only for selected professions though.

Also, IDFC Bank has a Future Savings account for alumni of premier institutes which is basically a premium account with 0 MAB and a Visa Signature credit card. Everything is free of cost except penalties.

 

[arn]

Deutsche Bank has a professional savings account which offers Visa Platinum card free of charge with 0 MAB. Only for selected professions though.

Also, IDFC Bank has a Future Savings account for alumni of premier institutes which is basically a premium account with 0 MAB and a Visa Signature credit card. Everything is free of cost except penalties.

that IDFC account is for Alumni or for current students ?

 

[Walter White]

that IDFC account is for Alumni or for current students ?

I have mailed them regarding this. Waiting for their reply. In the required documents section they haven't asked for ID card or degree certificate. I am still thinking if they only give it to current students, implementation will be a struggle.

 

[arn]

I have mailed them regarding this. Waiting for their reply. In the required documents section they haven't asked for ID card or degree certificate.

in the who can apply section on IDFC web ,it just says

• Graduate and postgraduate students from premier/identified educational institutes of India

 

[akshayhs]

that IDFC account is for Alumni or for current students ?

Current students. They rejected my application because when I applied I had already graduated

 

[pprakash11]

Current students. They rejected my application because when I applied I had already graduated

Can I convert my existing Signature 25K MAB Account to that account ?